Tweet
Lloyds makes a comeback into profit.
http://www.thisismoney.co.uk/markets...page_id=3&ct=5
But the economic crisis in Ireland led to a £4.3bn hit from Lloyds' bad debts in the country.
This was despite an otherwise improved bad debt figure: losses narrowed to £13bn in 2010 from £23bn the year before.
These difficulties were offset by improvements in the retail and wholesale arms of the bank. The retail - or high street - division performed well in 2010, opening 1.9m current accounts as well as 5m new savings accounts.
The group said it extended £30bn of gross mortgage lending including to 50,000 first-time buyers. It also provided £49bn gross lending to UK businesses, of which £11bn was to small and medium sized enterprises.
Lloyds has revealed its bonus plans already: outgoing chief executive Eric Daniels is being awarded £1.45m for 2010. But today he revealed he was unsure whether to take it, despite returning the bank to profit.
Read more: http://www.thisismoney.co.uk/markets...#ixzz1F0Ai5B8a
But the economic crisis in Ireland led to a £4.3bn hit from Lloyds' bad debts in the country.
This was despite an otherwise improved bad debt figure: losses narrowed to £13bn in 2010 from £23bn the year before.
These difficulties were offset by improvements in the retail and wholesale arms of the bank. The retail - or high street - division performed well in 2010, opening 1.9m current accounts as well as 5m new savings accounts.
The group said it extended £30bn of gross mortgage lending including to 50,000 first-time buyers. It also provided £49bn gross lending to UK businesses, of which £11bn was to small and medium sized enterprises.
Lloyds has revealed its bonus plans already: outgoing chief executive Eric Daniels is being awarded £1.45m for 2010.
http://www.thisismoney.co.uk/markets...page_id=3&ct=5
But the economic crisis in Ireland led to a £4.3bn hit from Lloyds' bad debts in the country.
This was despite an otherwise improved bad debt figure: losses narrowed to £13bn in 2010 from £23bn the year before.
These difficulties were offset by improvements in the retail and wholesale arms of the bank. The retail - or high street - division performed well in 2010, opening 1.9m current accounts as well as 5m new savings accounts.
The group said it extended £30bn of gross mortgage lending including to 50,000 first-time buyers. It also provided £49bn gross lending to UK businesses, of which £11bn was to small and medium sized enterprises.
Lloyds has revealed its bonus plans already: outgoing chief executive Eric Daniels is being awarded £1.45m for 2010. But today he revealed he was unsure whether to take it, despite returning the bank to profit.
Read more: http://www.thisismoney.co.uk/markets...#ixzz1F0Ai5B8a
But the economic crisis in Ireland led to a £4.3bn hit from Lloyds' bad debts in the country.
This was despite an otherwise improved bad debt figure: losses narrowed to £13bn in 2010 from £23bn the year before.
These difficulties were offset by improvements in the retail and wholesale arms of the bank. The retail - or high street - division performed well in 2010, opening 1.9m current accounts as well as 5m new savings accounts.
The group said it extended £30bn of gross mortgage lending including to 50,000 first-time buyers. It also provided £49bn gross lending to UK businesses, of which £11bn was to small and medium sized enterprises.
Lloyds has revealed its bonus plans already: outgoing chief executive Eric Daniels is being awarded £1.45m for 2010.
But today he revealed he was unsure whether to take it, despite returning the bank to profit.
More details to follow:
Read more: http://www.thisismoney.co.uk/markets...#ixzz1F0Ai5B8a
More details to follow:
Read more: http://www.thisismoney.co.uk/markets...#ixzz1F0Ai5B8a
